MONETA PORCUPINE ME.t Message Board

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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: John BOYCE who wrote (425)	8/30/1998 8:24:00 PM
From: Bannick	Read Replies (3) of 440

John, Noticed in the FP the past few days a listing for Moneta rt. Presumably that is refering to a forthcoming rights issue. I seem to remember reading about that in the Annual report this past spring. Did you hear anything else in that regards ?. The current bid price is 0.005/share. I have not received anything in the mail yet to let the shareholders in on the deal to add capital to the company. Sort of wondering why they would be doing a rights issue with a rumored JV as well. Mike B PS - Should have checked the company home-page for a Press Release. August 12, 1998 Trading Symbols ME TORONTO STOCK EXCHANGE ME BERLIN STOCK EXCHANGE MOP FRANKFURT STOCK EXCHANGE MONETA ANNOUNCES RIGHTS OFFERING MONETA PORCUPINE MINES INC. ("Moneta") announces a Rights Offering of 1 Unit at 12 cents for each 8 shares held at Record Date of August 19th, 1998. Rights will be convertible into Units at a ratio of 8 Rights for one Unit. Each Unit entitles shareholders to subscribe for one common share and one half share purchase warrant exercisable at 20 cents for 12 months. This offering will be made to qualifying shareholders in the Provinces of Ontario, Quebec and Alberta. Moneta presently has 41,851,706 common shares issued and outstanding. All Directors Rights will be subscribed in full and subscription of the balance of this issue is guaranteed. The issue has been cleared by all relevant Regulatory Authorities. FOR FURTHER INFORMATION PLEASE CONTACT: INTERNET HOME PAGE: monetaporcupine.com Moneta Porcupine Mines Inc. Rod Whyte (Chairman) Fran Yungwirth (C.E.O.) London, England 011 44 171 736-2212 Timmins, Ontario (705) 264-2296

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